NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $239BWorld Rnk 1 / 226
Flag Rnk 3 / 21
2023
Destination $4.72B Canada
2022 - 2023
FASTEST GROWING MARKET $4.72BBelgium
2023
PRODUCT COMPLEXITY IN Chemical Products2.31Rnk 1 / 1025
2023
Imports $316BWorld Rnk 1 / 226
Flag Rnk 3 / 21
2023
Origin $7.64B Ireland
2022 - 2023
FASTEST GROWING ORIGIN $7.64BSingapore
2023
ECONOMIC COMPLEXITY of United States1.5Rnk 10 / 132

About

Exports In 2023, United States exported $239B in Chemical Products, making it the 1st largest exporter of Chemical Products in the world. At the same year, Chemical Products was the 3rd most exported product in United States. The main destination of Chemical Products exports from United States are: Canada ($26B), Mexico ($20.2B), China ($20B), Germany ($18.4B), and Belgium ($15.4B).

The fastest growing export markets for Chemical Products of United States between 2022 and 2023 were Belgium ($4.72B), Germany ($1.89B), and Italy ($924M).

Imports In 2023, United States imported $316B in Chemical Products, becoming the 1st largest importer of Chemical Products in the world. At the same year, Chemical Products was the 3rd most imported product in United States. United States imports Chemical Products primarily from: Ireland ($53.7B), Germany ($30.4B), Canada ($25.3B), Switzerland ($22.2B), and China ($17.1B).

The fastest growing import markets in Chemical Products for United States between 2022 and 2023 were Singapore ($7.64B), Netherlands ($4.55B), and South Korea ($2.95B).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (16.2k), LG Electronics (4.68k), and IKEA Group (2.7k) were at the forefront of shipping Chemical Products to the United States.

Latest Trends

November 2024

About

Overview In November 2024 United States' Chemical Products exports accounted up to $20.4B and imports accounted up to $31.4B, resulting in a negative trade balance of $11B. Between November 2023 and November 2024 the exports of United States'   Chemical Products have increased by $1.55B (8.26%) from $18.8B to $20.4B, while imports increased by $5.7B (22.2%) from $25.7B to $31.4B.

Destinations In November 2024, Chemical Products were exported mostly to Canada ($2.37B), Italy ($1.76B), Mexico ($1.59B), China ($1.49B), and Germany ($1.35B), and were imported mostly from Ireland ($8.39B), Switzerland ($2.28B), Germany ($1.89B), China ($1.81B), and Canada ($1.77B).

Growth In November 2024, the increase in Chemical Products's year-by-year exports was explained primarily by an increase in exports to United Kingdom ($1.33B or 201%), China ($679M or 64.2%), and Belgium ($666M or 68.1%). In November 2024, the increase in Chemical Products's year-by-year imports was explained primarily by an increase in imports from Netherlands ($723M or 122%), Switzerland ($504M or 31%), and Germany ($471M or 21.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)$1.55B(8.26%)
IMPORT GROWTH (November 2023 - November 2024)$5.7B(22.2%)
MAIN EXPORTER (November 2024)Texas$3.35B
MAIN DESTINATION (November 2024)Canada$2.37B

This section shows Chemical Products's exports and imports data at subnational level for United States. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Chemical Products over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$239B
IMPORTS (2023)$316B
NET TRADE (2023)-$76.8B

In 2023, United States exported $239B in Chemical Products. The main destinations of United States exports on Chemical Products were Canada ($26B), Mexico ($20.2B), China ($20B), Germany ($18.4B), and Belgium ($15.4B).

In 2023, United States imported $316B in Chemical Products, mainly from Ireland ($53.7B), Germany ($30.4B), Canada ($25.3B), Switzerland ($22.2B), and China ($17.1B).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical Products EXPORT MARKETS FOR United States WERE (2022 - 2023):
Belgium$4.72B (44.1%)
Germany$1.89B (11.5%)
Italy$924M (19.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical Products BY United States WERE (2022 - 2023):
Canada-$2.25B (-7.95%)
Japan-$2.18B (-12.9%)
Brazil-$1.84B (-18.5%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, United States's main exporting competitors in Chemical Products were:
China $226B
Germany $225B
In 2023, United States's main importing competitors in Chemical Products were:
China $165B
Germany $163B

Explore Visualizations

Trade Value of Chemical Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $2.71B
TOP IMPORT POTENTIALCanada+ $5.96B

Chemical Products’s highest export potential is China. With an export gap of $2.71B.   Chemical Products’s highest import potential is Canada with an import gap of $5.96B.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms